The Swiss Times - Swiss News in English

Swiss Pension Funds Achieve Positive Returns in February

  • By The Swiss Times
  • 11 March 2024

Swiss pension funds report a robust start to 2024, with an average return of 1.32% in January, showcasing the resilience and dynamic nature of the market.

Swiss Pension Funds Achieve Positive Returns in February
Keystone/JEAN-CHRISTOPHE BOTT

Pension funds achieved a positive performance in January. After deduction of fees, the average return was 1.32%, as UBS reported on Monday. In January, the increase amounted to 0.48%.

The range of returns for all pension funds evaluated by UBS was 3.06 percentage points in January 2024. The best result (+3.01%) and the worst (-0.05%) were achieved by two small pension funds with assets under management of less than CHF 300 million.

Global stock markets regained momentum in February, claims UBS. The reasons for this are, on the one hand, good company figures for the fourth quarter and, on the other, the enthusiasm of the stock markets for the rapid commercialisation of artificial intelligence (AI).

However, the Swiss equity market underperformed with the more pharma-heavy and less technology-driven stocks. The result on the global bond markets was even negative. This is due to the disappointed expectations of early and sharp interest rate cuts, the report continues.

©Keystone/SDA

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